For Sale
$449,900

402 Main StMadison, IN 47250

Prime Downtown Location, High Rental Income

Overview

Added:
Feb 3
Days on market:
61
This exceptional multi-family property, located at 402 E Main Street in the heart of historic downtown Madison, Indiana, presents a compelling investment opportunity. The building boasts a desirable mix of rental units, ensuring strong occupancy rates and consistent cash flow. The main floor comprises two apartments: a spacious two-bedroom unit and a comfortable one-bedroom unit. Adding to the property's income potential are seven efficient studio units located on the third floor, which share two well-maintained bathrooms. The fourth floor is currently unfinished, offering significant potential for future expansion and value enhancement. The property sits on a conveniently sized 0.03-acre lot, ideal for its current configuration and minimizing maintenance needs. The asking price of $449,900 reflects the property's strong rental income potential and prime location within a thriving historic district. This is a rare chance to acquire a well-positioned multi-family investment in a sought-after Indiana town. The existing units are well-maintained and ready for immediate occupancy, minimizing vacancy periods and maximizing return on investment. The unfinished fourth floor presents a unique opportunity to increase the property's value and rental income through strategic development. This property is an excellent addition to any investment portfolio seeking stable returns and long-term growth. Serious inquiries are encouraged.

Property Details for 402 Main St

Property type
Multifamily properties
Lot Size (sq. ft)
1,307 SF

Location Insight

City
Madison
County
Jefferson_IN
State
Indiana
Latitude
38.73611
Longitude
-85.37562
402 Main St, Madison, Indiana

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402 Main St
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